2002 (8) TMI 7

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..... he assessee submitted that it was entitled to dissect the revenue expenditure of ₹ 25 lakhs, into 10 equal parts of ₹ 2,50,000 each, and claim deduction thereof in 10 successive assessment years - No doubt a very enduring benefit was accruing to the assessee on payment of the development charges. That would render the expenditure as a capital one. Moreover, we are quite unaware of any .....

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..... 25 lakhs, into 10 equal parts of Rs. 2,50,000 each, and claim deduction thereof in 10 successive assessment years, of which the two assessment years in question were the first two. We are of the opinion that this petition of appeal is quite hopeless. No doubt a very enduring benefit was accruing to the assessee on payment of the development charges. That would render the expenditure as a capit .....

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